Blackstone (BX) is set to become the largest shareholder in India’s Federal Bank after investing $706M in the lender, Ranjani Raghavan of Bloomberg reports. An affiliate of the private equity giant is paying 61.97B rupees for a 9.99% stake in Federal Bank.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone price target lowered to $165 from $171 at Barclays
- Blackstone Group: Strong Buy Rating Amid Resurgence in Private Markets and Positive Long-term Growth Prospects
- Blackstone Group’s Strong Q3 2025 Financial Performance
- Blackstone’s Earnings Call: Strong Growth Amid Challenges
- LendingClub upgraded, Enphase Energy downgraded: Wall Street’s top analyst calls